International Underwriting Association News

NASA: Earth’s Temperature in 2021 Was 1.5 Degrees F Above Baseline

Earth’s global average surface temperatures in 2021 were 1.5 degrees Fahrenheit (0.85 degrees Celsius) above the average for NASA’s baseline period, a new report shows. The average tied with 2018 as the sixth warmest on record, according to an analysis …

London’s Development of Islamic Products Enhances Position as Insurance Hub

Islamic financial activity in London is developing a growing maturity, the chief executive of the International Underwriting Association (IUA), stated. Dave Matcham pointed to the growth of commercial sharia compliant products as an important example of the innovation required by …

London’s IUA Supports Coordinated, International Approach to Drone Regulation

A coordinated, international approach to the regulation of aviation drones is essential for the technology to thrive, said the International Underwriting Association (IUA), which represents wholesale re/insurance companies in the London market. As a result of rapidly growing interest in …

Global Reform of Tax Systems to Hit Insurance Industry: London’s IUA

A sweeping global reform of tax systems is under way and will have profound implications for the insurance industry, the London-based International Underwriting Association has warned. Responding to public concerns about tax evasion, the G20 major economies have ordered a …

International Underwriting Association Elects New Market Committee Leaders

The London-based International Underwriting Association’s new Delegated Authority Underwriting Group has held its first meeting and elected Paul Rich of Inter Hannover as its chairman. Matt Gordon of Aviva has been appointed deputy chairman. The group was established in response …

IUA to Compile New Statistical Analysis of the London Insurance Market

The International Underwriting Association announced a number of new initiatives to enhance and expand its statistics for the London company market in 2012. In 2011 it published a “groundbreaking analysis that comprehensively measured premium income generated by insurance and reinsurance …